How HPL’s business has scaled in last one year?
HPL Electric & Power Limited is one of India’s leading electric equipment manufacturers with a formidable presence across five key verticals: Metering Solutions, Modular Switches, Switchgears, LED Lighting and Wires & Cables. Our backward (backend) integrated facilities have the capabilities of product design and development, component designing, tool manufacturing and commercial production. From energy meters to lighting to switchgears to wires & cables to LED products, HPL has successfully catered to consumers’ needs. In switchgear segment, our performance during the first quarter was marked by double-digit revenue growth in the metering segment i.e. (+) 10 per cent YoY, and steady performance in switchgear revenue by 2 per cent year-over-year (YoY). In the second quarter, the metering business continued its growth momentum as revenues grew by 22 per cent quarter-on-quarter (QoQ) and in the lighting segment, we witnessed robust growth with revenues growing by 48 per cent QoQ. In the coming quarters, we see these numbers to grow by a large-scale.
HPL’s Future Roadmap
HPL has been working tremendously to grow in the electrical equipment industry and furthermore aspires to expand its wings in solar and lighting industry. Recently, we have introduced new range of solar products using the latest technology and design for best-in-class performance and durability. The new solar launches comprises of AC Combiner box in 800V AC for ground mount and rooftop solar PV application, AC Distribution box IN 1,000V AC for rooftop and ground mount solar PV application, LT panel in 800V AC for ground mount solar PV application, String Combiner box in 1,500V DC for ground mount solar PV application and String Monitoring box in 1,500V DC for ground mount solar PV application.
HPL has introduced seven wonders of LED lighting which comprises of latest technology and innovation catering to every household needs. To enhance the aesthetic of home décor, we have launched inverter lamp, remote controlled colour changing lamp and T lamp. To deliver the best to our end-consumers, we undertake research and development to consistently upgrade our products and the technologies. In the coming years, we seek to be the pioneer of Indian electrical equipment industry.
What HPL has done differently from competitors?
HPL has always been dedicated to provide solutions and services to customers’ delight. We are also committed to the environment public health and safety and outclasses in ensuring eco-friendly range with CE mark that most of the Indian players lack in. Apart from that, our manufacturing facilities and our products have been accredited with various national and international quality certifications. Further, all our manufacturing facilities have been accredited with management system certificates for compliance with ISO:9001 requirements by TUV SUD South Asia Pvt Ltd and the British Standards Institution, India.
HPL at ELECRAMA 2020
HPL Electric & Power Ltd. has always been an active participant in the industry events and seminars and has represented itself across prestigious global events as well. ELECRAMA is the biggest showcase of the world of electricity and brings together the wide spectrum of solutions that channels the planet and we are delighted to be the board member of IEEMA and feel privileged in sharing space with industry stalwarts.
HPL will be showcasing its entire range and also inaugurating its new range of electrical equipment solutions in lighting, meters, switchgears, and switches at ELECRAMA 2020.